iShares 7-10 Year Treasury Bond ETF $IEF Shares Sold by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. cut its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 87.3% in the third quarter, Holdings Channel reports. The institutional investor owned 24,768 shares of the exchange traded fund’s stock after selling 170,703 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Pinnacle Wealth Management Group Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 84.1% in the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 4,456 shares of the exchange traded fund’s stock worth $430,000 after buying an additional 2,035 shares during the last quarter. Balefire LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 14.1% during the 3rd quarter. Balefire LLC now owns 11,771 shares of the exchange traded fund’s stock worth $1,135,000 after purchasing an additional 1,456 shares during the last quarter. Country Club Bank grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 6.6% in the third quarter. Country Club Bank now owns 68,848 shares of the exchange traded fund’s stock valued at $6,644,000 after purchasing an additional 4,245 shares in the last quarter. Montecito Bank & Trust purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $478,000. Finally, Acropolis Investment Management LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 6.4% in the third quarter. Acropolis Investment Management LLC now owns 32,160 shares of the exchange traded fund’s stock valued at $3,080,000 after purchasing an additional 1,945 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $96.52 on Thursday. The business’s 50 day moving average price is $96.90 and its 200 day moving average price is $95.94. The company has a market cap of $40.26 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $97.77.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were paid a $0.2884 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 3.6%.

iShares 7-10 Year Treasury Bond ETF Profile

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S.